Egger, Peter; Keuschnigg, Christian; Winner, Hannes - School of Economics and Political Science, Universität … - 2008
This paper provides theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of … corporate governance and taxation. The theory explains how the incorporation decision of entrepreneurs is driven by taxation … taxation on the incorporation decision is at the heart of this analysis. We find that higher personal income tax rates and …